Low-cost carrier Jin Air says it had a record yearJin Air, a low-cost carrier owned by Korean Air Lines, said yesterday it had a record year in 2012 thanks to an increase in passengers and expansion of routes.
The company announced it earned 247.5 billion won ($227.5 million) in sales, with operating profit of 14.5 billion won. The figures represent year-on-year increases of 45 percent and 110 percent, respectively.
Jin Air last year brought two B737-800 aircraft to extend its fleet to nine, while opening four new international routes. In 2012, the carrier offered a total of 5,885 international flights, up 70 percent from 2011.
The budget carrier reported a passenger occupancy rate of 88 percent for domestic flights and 80 percent for international flights.
More in Industry
Eastar Jet's pilot union pushes for receivership of airline
ITC agrees to review its decision in Botox dispute
Hyundai Motor and union come to a wage freeze deal
Samsung Biologics signs supply deal with AstraZeneca
Tesla to increase battery cell purchases from suppliers including LG